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The administrator should at some point publish details of where creditors need to write.
The creditors need to have the humility to recognise that their austerity programme has failed.
"Creditors need to take part of the responsibility for their decision to lend to the companies," he said.
Brussels sources also signalled moves to address Tsipras's key demand – that the creditors need to offer debt relief to Greece.
Germany and other creditors need to be convinced that such integration is not an open-ended invitation to profligacy at their expense.
However, the EU official believes that the debate over debt relief was irrelevant because creditors need assurances that Greece did not want to provide.
Similar(49)
MCI and its major creditors needed to come up with a repayment formula that would give most claimants enough of what they were owed to persuade them that it was no longer worthwhile to push for more.
Abdulrahman al-Saleh, the general director of Dubai's Department of Finance, told Dubai TV that Dubai World was "not guaranteed by the government," and that creditors needed to take some responsibility.
I believe that this Greek Plan (with the package agreed by our partners and creditors) needs to be put to a referendum.
Greece finally met a deadline that counted on Thursday and made a series of sweeping proposals that its creditors needed by midnight to set off a mad rush toward a weekend deal to stave off a financial collapse of the nation.
Others argue that the creditor needs the debtor as much as the debtor needs the creditor.
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CEO of Professional Science Editing for Scientists @ prosciediting.com